ZEC | Day Chart | June Q2 26'

Multiple Time-Frame Analysis; Color Code | Strength favors the higher timeframe.

Yearly timeframe = black
Monthly timeframe = pink
weekly = grey
daily = red
4hr = orange
1hr = yellow
15min = blue
5min = green if they are shown. (Level visibility on intervals is set to timeframe the level was found on and below to keep chart view organized.)


** Candle Science explained **
A Range = two or more consecutive color candles.
There are two types of ranges - accumulation and distribution.

DISTRIBUTION RANGES DEFINED: BackSide (BS) Candle - First distribution candle in a distribution range. Expectation = strong reaction to price. long wicks reaching to or away from level.
FrontSide (FS) Candle - Last distribution candle in a distribution range. Expectation = reversal, create a trend in the opposite direction. Distribution candles are used as support.

ACCUMULATION RANGES DEFINED:
Inverse BS (Inv.BS) - First Accumulation candle in an accumulation range. Expectation. = strong reaction to price. long wicks reaching to or away from level.
Inverse FS (Inv.FS) - Last accumulation candle in an accumulation range. Expectation = reversal, create a trend in the opposite direction. Accumulation candles are used as resistance.

Horizontal Ray tool on BS & FS levels are default support levels when dashed lines, tested when dotted lines and resistance when solid lines.

Horizontal Ray tool on Inverse BS & Inverse FS levels default as resistance and shown with a dashed line, tested when 1x dotted line, and support when solid line.

The inverse is true for the Inv. BS Inv. FS levels, they are resistance as dashed lines, tested as dotted and support as solid lines.